Over the last couple weeks I've been traveling around the country and talking with folks about -- blueprint for an economy built to last. It's a blueprint the focuses on restoring the things we've always done best. Our strengths. American manufacturer. American energy. The skills and education of American workers. And most importantly American values like fairness and response bill. We know what happened when we strayed from those values over the past decade. Especially when it comes -- housing market. Lenders sold loans to families who couldn't afford them. Banks packaged those mortgages up then traded them for phony profits. It drove up prices it created an unsustainable bubble that burst and left millions of families who did everything right and -- -- It was wall. Housing crisis has been the single biggest drag on a recovery from the recession. It's kept millions of families and -- and unable to spent and it has left hundreds of thousands of construction workers out of -- job. But there's something even more important at stake. I've been saying this is a make or break moment for the middle class. And the housing crisis struck right at the heart of what it means to be middle class in this country. Owning a home. Raising our kids building our -- Right now there -- more than ten million homeowners in this country who because -- a decline in home prices that is no fault of their own. Or more on their mortgages than their homes -- -- It's wrong for anyone to suggest the only option for struggling responsible homeowners -- to sit and wait for the housing market hit bottom I don't accept that. -- -- -- -- That's why we launched a plan a couple years ago that's help nearly one million responsible homeowners refinance their mortgages. And save an average of 300 dollars on their payments each month. I'll be the first to admit it didn't help as many folks as we had hoped but that doesn't mean we shouldn't keep trying. That's why I'm sending congress a plan will give every responsible -- the chance to save about 3000 dollars a year on their mortgages. By refinancing at historically Lawrence. No more red tape more endless forms. And a small fee on the largest financial institutions will make sure it doesn't -- a dime to the depths. Or be clear this plan will not help folks who bought a house that couldn't afford a man walked away from. It won't help folks who bought multiple houses just to turn around and -- and speculation. What this plan will do -- help millions of responsible homeowners who make their payments every month. But who until now couldn't -- finance because their home values kept dropping where they got wrapped up too much red tape. Here's the catch. In order to lower mortgage payments for millions of Americans. We need congress to act. They're the ones -- pass this plan. As anyone -- -- the news in last six months can -- you're getting congress to do anything these days is not an easy job. That's -- to keep up the pressure on congress to do the right thing. I also -- Reports. -- -- everyone who agrees with this plan to get on the phone sent an email tweet. Pay a visit and remind your representatives in Washington who they work for. Tell them to pass this plan tell them to help more families keep their homes and more neighborhood stay vibrant and -- Truth is it will take time for housing market recover. We'll take time for our economy to fully bounced back but there are steps we can take right now to move this country -- That's what I promise to do as your president I hope members of congress will -- -- and have a great week.

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